Rising wedwe in dollar, range scalps until breakout

U.S. Dollar Currency IndexTVC

Description

⋅ Apr 4, 2017 7:49 AM

Dollar is forming a rising wedge, until a clear breakout appears, stay sidelines or scalp to the inside from the limits of the formation.

⋅ Apr 5, 2017 10:20 AM

Dollar has broke down and now is sliding along the bottom line of the rising wedge. Better to stay aside from diagonal patterns like this.